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A parallel financial ecosystem worth $4 billion has been quietly building strength through regulatory innovation and growing sophistication, operating beyond the headlines that dominate conventional banking. Fitch Ratings forecasts a boom in Nigeria's Islamic finance sector from the second half...

Nigeria’s Monetary Policy Committee (MPC) is expected to maintain the 27.50% interest rate as inflation shows signs of easing. The decision is aimed at supporting naira stability amid global uncertainties and recent drops in food and core inflation. April headline inflation dropped to 23.71%...